Universal Corp Sees Strong Demand, Hiccup In Supply

I have commented on the value available at Universal Corp (NYSE:UVV) previously, however, after its first quarter earnings release and subsequent 19% decline from the stock's high seen during the first week of August, the company now looks even more attractive.

Universal's first quarter results reiterated the company's potential as a value investment. Current assets covered current liabilities 1.5 times, debt is only 20% of assets, cash is worth $5 per share and the company's net asset value per share stood at $55.60, up from $53.9 at the end of the second quarter.

However, the company has been heavily sold-off during the past week...